Gold spot Intraday: capped by a negative trend line.
Pivot: 1196.75

Most likely scenario: short positions below 1196.75 with targets at 1191.25 & 1189.50 in extension.

Alternative scenario: above 1196.75 look for further upside with 1198.75 & 1202.00 as targets.

Comment: the RSI is mixed to bearish.

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